GRUB (GrubHub Inc) offers an objective short entry on this backtest of the trendline & 53.09 resistance level & will be added as an Active Short Trade around current levels.
GRUB daily 2 Sept 22nd
GRUB was posted shortly after the open as an unofficial trade idea, since the stock had gapped a little too far beyond the intersecting trendline & price support levels for my comfort level. The stock has since rallied back to just below those intersecting former support, now resistance levels thereby offering a very objective short entry.
The price targets are T1 at 47.75 & T2 at 44.64. The suggested stop is any move above 54.70 with a suggested beta-adjusted position size of 0.90. Note: I had not inserted the chart into the previous post on GRUB published this morning. That chart has since been inserted & can now be viewed on that post.